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| Discuss Elliot Wave at the Equities within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Elliot wave analysis for Nifty, Reliance and Bajaj Hind... |
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#1
30th September 2008, 05:08 AM
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Elliot Wave
Elliot wave analysis for Nifty, Reliance and Bajaj Hind
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#2
30th September 2008, 09:15 AM
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Re: Elliot Wave
Please add few text also to your analysis, so that novice like me can also get some benefit from these charts
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#3
1st October 2008, 04:22 AM
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Re: Elliot Wave
Quote:
well, in general, the elliot wave suggests the following: Nifty - POssibility 1: It has completed Wave A and now is in the process of wave 2 of Wave B...so there should be a rise from here to approx 4500 to complete Wave B...after that we are heading down again to start Wave C...which might go lower than the years low... Possibility 2: We are yet in the process of completing Wave A, which might or might not have been concluded...after which we will head up again for Wave B... Reliance - this has completed wave 2 of Wave B...or so it seems. It might rise upto 2600 or so levels from here, which should be taken as an exit oppurtunity, coz after that the Wave C will head down again. Bajaj Hind: In its last leg of correction....difficult to say where it will bottom out...but the 70-90 levels seems good for a long term uptrend P.S. - These are just possibilities based on Elliot wave theory...and in no way should be seen as an investment advice. It should be used only for direction rather than for entry or exit...
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| The Following 4 Users Say Thank You to Jai.Shewaramani For This Useful Post: | ||
devangan123 (1st October 2008), hitesh (1st October 2008), muralitr (1st October 2008), vijsir (2nd November 2008) | ||
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